Milk, curd and paneer packs to look different soon: Food regulator FSSAI orders dairy manufacturers to add new logo across productsFSSAI has mandated a new blue-and-white droplet logo on all milk and milk products, including milk, curd and paneer, from July 1, 2028. The...
13 Nov, 2026, 12.55 PM IST
CBDT MAPs out rules for foreign taxpayersIndian tax authorities cannot alter a BAR decision on the merits of a case through international negotiations. Instead, they will seek corr...
13 Nov, 2026, 12.47 AM IST
A double transition for corporate India: New accounting rules, new auditorsCompanies are preparing for the transition to Ind AS 118 which will impact financial statement reporting. Changes in statutory auditors coi...
11 Nov, 2026, 09.37 PM IST
Chinese companies providing overseas services to Indian subsidiaries may escape tax: ITATIn a landmark decision, the Delhi Income Tax Appellate Tribunal has determined that Chinese firms offering services from overseas are not l...
11 Nov, 2026, 09.28 PM IST
Capital gains on debt funds and bonds updated: What are changes for Tax Year 2026?For many investors, debt products like debt mutual funds, debentures, listed and unlisted bonds, market linked debentures still hold utmost...
11 Nov, 2026, 12.22 PM IST
IRS raises 2027 capital gains tax limits: Could selling stocks become tax-free for more Americans as the 0% threshold jumps to $51,050?The IRS has raised the 2027 long-term capital gains tax limits, allowing investors to earn more from stock sales before paying federal tax....
11 Nov, 2026, 02.08 AM IST
Social Security tax by state in 2026: Which 8 states tax retirement benefits, where can retirees keep more of their benefits, and how much could you owe the IRS?Social Security benefits are not tax-free for every retiree in 2026. Just over half of beneficiaries are expected to pay federal income tax...
11 Nov, 2026, 12.06 AM IST
New Zealand changes residence rules for parents with unlawfully staying children from November 12New Zealand will tighten its residence rules from November 12, 2026, preventing parents and other secondary applicants from securing reside...
10 Nov, 2026, 11.47 AM IST
Rs 48 lakh in cash received from the sale of two properties, paid capital gains tax but received an income tax notice; taxpayer wins the case in ITAT Cuttack for this reasonMr. Purushottam residing in Kabisurya Nagar, encountered a penalty for accepting cash payments linked to his property sales. He sold two pr...
07 Nov, 2026, 05.24 PM IST
IRS releases 2027 tax brackets: How new income tax rates and standard deductions for single, married and senior filers could affect your tax billTax brackets 2027: The IRS has raised all seven federal income tax bracket thresholds for 2027 and increased the standard deduction for sin...
06 Nov, 2026, 08.18 PM IST
Incorrect HRA or deduction claims? How Section 270AA may offer relief from 200% penaltyIncorrect tax claims may expose taxpayers to a 200% penalty for misreporting and prosecution in appropriate cases. Section 270AA offers con...
06 Nov, 2026, 09.51 AM IST
A 65-year-old fence sparked a fight over 5.13 acres in Kansas; what happened and why did the neighbours go to court?The fence reportedly did not follow the actual legal property boundary. Around 5.13 acres of land, forming a triangular patch, lay between ...
03 Nov, 2026, 11.29 PM IST
$700 million tax bill vs $4.15 million image: The court case that saved Michael Jackson’s heirsA US Tax Court judge has determined that Michael Jackson's name, image, and likeness are worth $4.15 million. This valuation is considerabl...
03 Nov, 2026, 10.49 PM IST
A used Honda Civic: Why did Michael Jackson's estate claim his image was worth $2,105 in its fight with the IRS?The issue was all about how much Jackson's name, image, and likeness rights were worth when he died. Jackson's estate initially valued his ...
03 Nov, 2026, 10.27 PM IST
Why Paris Jackson is seeking $600 million from Michael Jackson’s estate nearly 17 years after his deathParis Jackson has filed a petition for a $600 million transfer to the Michael Jackson Family Trust. She claims that the estate's executors ...
03 Nov, 2026, 02.47 PM IST
Why did a family ranch face an estate-tax hurdle over missing signatures? Here's how a paperwork dispute reached a US appeals courtThe case involved the estate of Malcom McAlpine Jr., who had left his interest in a family ranch to three discretionary trusts benefiting h...
28 Oct, 2026, 10.10 PM IST
IRS is sending up to $5,000 per adopted child - could your family qualify?The IRS has started sending adoption tax credit refunds of up to $5,000 per child to eligible families. The payments target taxpayers with ...
25 Oct, 2026, 03.40 AM IST